Randy Kroszner, University of Chicago, breaks down the better-than-expected employment numbers. And David Seaburg, Cowen & Company, and Patrick Legland, Societe Generale, share their thoughts on how jobs growth, turmoil in Egypt, Fed fears and a drop in gold are likey to impact the markets.

The "Squawk On the Street" news team reports on today's top business headlines, including Friday's better-than-expected jobs number and its impact on the markets, with Robert Pavlik, Banyan Partners and Jeffrey Cleveland, Payden & Rygel. And Samsung's smartphone sales falls short of analyst forecasts.

Mark Zandi, Moody's Analytics; Kevin Hassett, American Enterprise Institute; Austan Goolsbee, Booth School of Business, and Greg Ip, The Economist, discuss what they are expecting to see from Friday's employment data.